Service Tax on GTA
This query is : Resolved
26 November 2009
COMPANY HAS NOT PAID SERVICE TAX ON GTA AND ALSO NOT TAKEN CREDIT.
CENTRAL EXCISE AUDITORS FOUND THE MISTAKE REPORT THAT CO. SHOULD HAVE TO PAY GTA AMOUNT BY CASH AND THEN TAKE CREDIT.
BUT THE CO. HAVE HUGE DEBIT BALANCE IN HIS CENVAT A/C SO THAT CO. IS READY TO REVERSE THE SAID AMOUNT IN THE CENVAT A/C WITHOUT PAYING CASH
IS IT POSSIBLE TO DO LIKE THIS?
CENTRAL EXCISE AUDITORS FOUND THE MISTAKE REPORT THAT CO. SHOULD HAVE TO PAY GTA AMOUNT BY CASH AND THEN TAKE CREDIT.
BUT THE CO. HAVE HUGE DEBIT BALANCE IN HIS CENVAT A/C SO THAT CO. IS READY TO REVERSE THE SAID AMOUNT IN THE CENVAT A/C WITHOUT PAYING CASH
IS IT POSSIBLE TO DO LIKE THIS?
26 November 2009
no it can not be paid threw current account it should always be paid in cash...
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